Shoprite cracks nod to offer bank accounts, allowing salary payments
30 August 2022 - 20:17
Food retailer Shoprite has been given permission to turn its Money Market account into a fully fledged bank account. This will allow customers to receive money from any SA bank, enabling employers to pay salaries into the retail account.
Shoprite is targeting the R10,000-a-month, or lower-income segment of the market to attract more consumers to stores. The idea is for customers to draw or deposit cash and spend on other items. ..
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